Country News
Algeria: ONAB booked corn likely from Ukraine with delivery slated for the last half of March. (AgriCensus)
China: Up to six cargoes or 500 KMT of corn was purchased from Ukraine. (AgriCensus)
EU: Barley production in 2020 is forecast at 60.8 million tons, down from 62.2 million last year. Corn production will rise by 6.5 percent to 65 MMT. (Coceral)
Japan: The first cargo of 2020 U.S. corn is expected to arrive in the next few days. (SPGlobal Platts)
South Korea: Higher wheat prices have spurred the purchase of 260 KMT of corn with MFG taking four of the cargoes and Feed Leaders Committee (FLC) purchasing 68 KMT of corn from the Black Sea in a private transaction valued at $212/MT. (AgriCensus; SPGlobal Platts)
South America: The Buenos Aires Grain Exchange says Argentine corn planting is now complete and good rains could increase output. In Brazil, Mato Grosso’s planting of the safrinha corn crop is at 63.2 percent, versus the five-year average of 52.16 percent, but it is behind last year’s pace amid strong demand. It also said that the region is on course to supply 42 percent of the world’s corn import needs. (AgriCensus; SPGlobal Platts)
Thailand: TFMA bought barley with a price tag of $230/MT. (AgriCensus)
Tunisia: The government’s ODC bought 75 KMT of barley for delivery in March/April. (AgriCensus)
Ukraine: The consultancy ProAgro says that corn production for 2020 will be 35.849 MMT, about the same as last year. (Refinitiv)